AKD Group Holding (Private) Limited has officially acquired a substantial 27.95% stake in Pakistan Services Limited (PSX: PSEL), according to a formal disclosure submitted to the Pakistan Stock Exchange (PSX).

The announcement was made via a stock filing by PSEL, in compliance with Section 110 of the Securities Act, 2015 and regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The disclosure was communicated through a letter dated July 15, 2025.

AKD Group Holding, previously known as Aqeel Karim Dhedhi Securities (Private) Limited, informed PSEL of the acquisition, prompting the company to release the information in accordance with regulatory requirements under Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book.

Pakistan Services Limited is a leading player in the hospitality sector, primarily engaged in the ownership and management of the Pearl Continental Hotels chain. The company also operates a budget hotel property in Lahore and grants franchises for the use of its “Pearl Continental” trademark and name.